Press Releases
For press inquiries, contact us at FIAPR@fia.org or +1 202.772.3032
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FIA outlines how successful derivatives markets will attract investor interest and support the enhancement of the CMU
FIA has published a paper outlining its views on how to support the progress of the European Union’s Capital Markets Union. The paper – Capital Markets Union at a Critical Juncture – sets out the role that derivatives play in effective capital markets. Specifically, FIA believes that centrally cleared derivatives are a key ingredient to building a strong CMU.
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FIA CEO testifies at House Agriculture Committee hearing
Walt Lukken, President and CEO of FIA, testified today at a US House Agriculture Committee subcommittee hearing on reauthorizing the Commodities Futures Trading Commission (CFTC).
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FIA releases best practices for automated trading risk controls and system safeguards
This paper consolidates our previous work and covers best practices in pre-trade risk management, exchange volatility control mechanisms, post-trade analysis and exchange-based conformance testing, among other areas. These practices are designed to help ensure that markets operate safely, regardless of the technology used.
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IDX 2024 opening remarks: The industry shines through adversity
Opening remarks of Walt Lukken, President and CEO of FIA, at the International Derivatives Expo (IDX) in London on 18 June 2024. As prepared for delivery.
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FIA and Acuiti release report on challenges and opportunities for the European listed derivatives markets
London and Washington, DC – FIA released a report on the challenges and opportunities facing the European listed derivatives markets on 18 June. The report is based on responses to a survey conducted recently by Acuiti, a market intelligence firm, that gauged industry sentiment regarding the key trends, opportunities and challenges facing the industry in Europe.
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DMIST publishes final standard for average pricing
The Average Pricing Standard calls for CCPs globally to adopt certain minimum standard average pricing functionality. Standardized functionality will help drive consistency and improve the current allocation and timing issues associated with average price order workflows.
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FIA backs international effort to promote "effective practices" for variation margin
FIA has responded to a discussion paper released by international standard setters that sets out eight "effective practices" for streamlining variation margin in centrally cleared markets. The discussion paper addresses the need for greater transparency and understanding of margin practices at central counterparties, particularly in light of recent episodes of market volatility triggered by the COVID crisis and Russia's invasion of Ukraine.
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FIA cautions CFTC on regulation of AI
FIA has urged the CFTC to take a "technology-neutral" approach and focus on "outcomes and use cases" rather than the technology itself. FIA also urged the CFTC to consider the applicability of its existing rules and regulations before presupposing that new, AI-specific regulations are needed.
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FIA calls on international regulators to continue progress on margin transparency
FIA has filed a letter with international standard-setting bodies urging further progress on efforts to increase the resilience of global derivatives markets in times of stress. The letter was submitted in response to a consultation on initial margin requirements in centrally cleared derivatives markets that was issued by Basel Committee on Banking Supervision (BCBS), the Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).
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European T+1 Industry Task Force responds to UK report
FIA has joined several industry associations in welcoming a recent UK report on moving to T+1 settlement.
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